Are there any cards left that don't charge residual interest?

[UpperNwGuy]

Back in the dark ages when I used to carry balances from month to month, I noticed that some credit cards charged residual interest (or trailing interest) when you thought you were paying off a revolving balance in full.  Some lenders charged it and that others did not, but that was a decade ago.  I was in a discussion with some folk recently, and they told me that residual interest is now standard practice by all lenders.  That made me think that perhaps my knowledge is out of date (as it has been seven years since I carried a balance).  My question to the board is the following:  Are there any cards left (perhaps credit union cards?) that don't charge residual interest, or is it now a uniform practice?

[NRB525]

My Capital One cards didn't charge interest the first month or the last month. I did a series of $500 no-fee BT's to the QS, because the interest rate was like 10% fixed.  Transfer in one month, no interest, arrange payment of $200 or so. Next cycle, interest charged on the remainder, arrange another $200. Third cycle interest charged, arrange payment on that remaining statement balance, and final statement would be zero. 

This was up to early 2020, so I expect still may be a feature. 

[CreditMagic7]

After being well over 10 years in this thing we call Credit Cards the single only trailing interest nitwit was Barclays. I would pay in full only to find a small balance again once the statement cut. Now Comenity is exercising that same such practice. I not long ago PIF one of my cards with them, and guess what, after statement cut it showed a single dollar bill $1.00 balance. Already took care of that silliness. 

Now on when i roll a balance a month or two, then do the PIF they get overpaid. Hah ha  last month i did the same thing and they had to send me a check for the overage. And with them that's how it's going to be for now on. When i PIF i fully intend my payments to COMPLETELY PIF including trailing sneak attacks. 

It's the only way to stifle that ignorant affliction their slap happy about. I like to see my PIF statements with the CRA's zero after paying off their bill. And i thought old Barclays was the last one to pull that clown show. (I no longer for years have any Barclays Cards)

[SouthernCredit]

My USAA card does not have trailing interest. 

[CreditMagic7]

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@SouthernCredit wrote:

My USAA card does not have trailing interest. 

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I haven't seen any either until Barclay (ages ago) and more recently now Comenity. (I've since initiated a new provision for that potential occurance)

I do roll balances, not much, but is been a worthy practice of mine for many years without one single issue except the above mentioned.

[SouthernCredit]

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@CreditMagic7 wrote:

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@SouthernCredit wrote:

My USAA card does not have trailing interest. 

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I haven't seen any either until Barclay (ages ago) and more recently now Comenity. (I've since initiated a new provision for that potential occurance)

I do roll balances, not much, but is been a worthy practice of mine for many years without one single issue except the above mentioned.

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I know for a fact BofA and Citi both do

[ChargedUp]

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@SouthernCredit wrote:

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@CreditMagic7 wrote:

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@SouthernCredit wrote:

My USAA card does not have trailing interest. 

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I haven't seen any either until Barclay (ages ago) and more recently now Comenity. (I've since initiated a new provision for that potential occurance)

I do roll balances, not much, but is been a worthy practice of mine for many years without one single issue except the above mentioned.

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I know for a fact BofA and Citi both do

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I can vouch for BoA doing it as well.

[Kforce]

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@CreditMagic7 wrote:

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@SouthernCredit wrote:

My USAA card does not have trailing interest. 

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I haven't seen any either until Barclay (ages ago) and more recently now Comenity. (I've since initiated a new provision for that potential occurance)

I do roll balances, not much, but is been a worthy practice of mine for many years without one single issue except the above mentioned.

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What is doing roll balances ?

[CreditFun]

Best Buy Visa does not.

[FinStar]

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@CreditFun wrote:

Best Buy Visa does not.

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Actually, they do @CreditFun. Not sure if you're getting this mixed up as far as 'residual' interest versus 'deferred' interest. Unless, I misread your response, since the Best Buy Visa will have residual interest as mentioned upthread. My apologies in advance if I misinterpreted your response.

Their CCA agreement states:

https://citiretailservices.citibankonline.com/apply/best-buy-credit-card?langId=EN&siteId=PLCN_BESTB...

Interest Charges. We impose interest charges when we apply APRs to your account balances. We do this every day by using a daily periodic rate. To get a daily periodic rate, we divide the APR by 365.

When Interest Charges Begin. We begin to impose interest charges the first day we add a charge to a daily balance. The charges we add to a daily balance include purchases, interest charges and fees. We continue to impose interest charges until we credit your account with full payment of the total amount you owe us.

Grace Period on Purchases. You can avoid interest charges on purchases. This is called a grace period on purchases. The grace period is at least 25 days. To get a grace period on purchases, you must pay the New Balance by the payment due date every billing cycle. If you do not, you will not get a grace period until you pay the New Balance for two billing cycles in a row.

If you have a balance subject to a deferred interest promotion and that promotion does not expire before the payment due date, that balance (an “excluded balance”) is excluded from the amount you must pay in full to get a grace period on a purchase balance other than an excluded balance. In addition, if you have a reduced rate credit plan balance, that balance (an “excluded balance”) is excluded from the amount you must pay in full to get a grace period on a purchase balance other than an excluded balance. However, you must still pay any separately required payment on the excluded balance. In billing cycles in which payments are allocated to deferred interest balances first, the deferred interest balance will be reduced before any other balance on the account. However, you will continue to get a grace period on purchases, other than an excluded balance, so long as you pay the New Balance (less any excluded balance, plus any separately required payment on an excluded balance) in full by the payment due date each billing cycle. In addition, certain promotional offers not described above may also allow you to have a grace period on purchases without having to pay all or a portion of the promotional balance by the payment due date. If that is the case, the promotional offer will describe what happens.

Calculation of Interest Charges – Daily Balance Method (Including Current Transactions). We calculate interest charges each billing cycle.